HKG:1157 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	4,302	3,520	3,506	2,306	6,270	7,281
Depreciation & Amortization	1,341	1,341	1,390	1,153	1,001	904.88
Other Amortization	11.94	11.94	8.43	8.2	4.58	4.01
Loss (Gain) From Sale of Assets	-662.72	-662.72	-232.66	7.6	-185.55	-267.7
Asset Writedown & Restructuring Costs	-	-	50.54	0.02	749.14	5.69
Loss (Gain) From Sale of Investments	53.53	53.53	39.98	-298.19	-545.88	-861.74
Provision & Write-off of Bad Debts	546.05	546.05	736.68	392.61	-	1,520
Other Operating Activities	1,977	1,100	1,041	1,652	1,098	1,073
Change in Accounts Receivable	4,789	4,789	-3,363	-1,035	-10,538	-16,733
Change in Inventory	647	647	-7,383	-564.31	1,148	-2,963
Change in Accounts Payable	-8,757	-8,757	7,322	-897.09	3,382	17,646
Operating Cash Flow	3,800	2,142	2,713	2,425	2,625	7,422
Operating Cash Flow Growth	36.80%	-21.03%	11.88%	-7.62%	-64.63%	19.33%
Capital Expenditures	-4,374	-4,035	-1,900	-1,530	-2,914	-1,101
Sale of Property, Plant & Equipment	113.38	101.97	97.15	89.09	162.06	487.59
Cash Acquisitions	-1,628	-	-	-723.79	-	13.18
Divestitures	-	-	-	-	1,445	-
Investment in Securities	-1,673	215.81	1,893	2,516	-2,657	933.21
Other Investing Activities	-584.44	796.01	-368.46	216.27	2,130	452.46
Investing Cash Flow	-8,146	-2,922	-278.4	567.37	-1,834	785.47
Long-Term Debt Issued	-	14,291	16,538	19,993	62,949	57,648
Long-Term Debt Repaid	-	-10,546	-16,485	-17,412	-62,977	-59,929
Net Debt Issued (Repaid)	8,448	3,746	53.52	2,581	-28.78	-2,282
Issuance of Common Stock	-	-	-	-	6,225	1,340
Repurchase of Common Stock	-53.72	-53.72	-1,085	-1,556	-	-
Common Dividends Paid	-3,288	-3,428	-3,323	-3,705	-3,948	-2,615
Other Financing Activities	-1,893	-943.64	1,711	185.9	172.41	312.87
Financing Cash Flow	3,213	-679.32	-2,643	-2,494	2,421	-3,244
Foreign Exchange Rate Adjustments	124.74	8.36	23.99	103.16	-107.28	49.48
Net Cash Flow	-1,008	-1,450	-185.08	600.69	3,104	5,013
Free Cash Flow	-573.52	-1,893	812.52	894.84	-288.88	6,321
Free Cash Flow Growth	-	-	-9.20%	-	-	29.45%
Free Cash Flow Margin	-1.19%	-4.16%	1.73%	2.15%	-0.43%	9.71%
Free Cash Flow Per Share	-0.06	-0.22	0.10	0.10	-0.03	0.84
Cash Income Tax Paid	1,158	133.96	652.05	867.77	2,795	3,113
Levered Free Cash Flow	-8,310	-9,423	148.55	-4,130	9,665	8,498
Unlevered Free Cash Flow	-7,879	-9,066	580.24	-3,544	10,252	9,086
Change in Working Capital	-3,766	-3,766	-3,838	-2,802	-5,766	-2,237

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.